Research Nester has recently announced new market demand assessment research titled “MEMS (Micro electro mechanical system) System Market – Global Demand Analysis & Opportunity Outlook 2023”. The market study provides a granular data and in-depth analysis on the current and future market situations that are crucial for the existing & new players in the market. The industry research is based on key factors like demand & supply analysis, commercial activities, research investments, pricing analysis, government initiatives & guidelines, driving forces in the market, roadblocks and segmentation based on the product viability.
The opportunities in the MEMS sensor market are increasing with the increased consumption of consumer products. Technological advancement in the product such as size reduction, high accuracy, and new application is expected to drive the market over the forecast period. Increasing safety issues in automotive sector will force the consumers to adopt better safety measures in the vehicle. Low manufacturing cost, ecofriendliness, bulk manufacturing and compact size are some of the factors that can raise the competition between the vendors across the globe.
MEMS Sensor market is expected to reach USD 3.54 billion by 2021 and projected to expand with higher momentum in the upcoming year. Higher consumer product consumption is expected to be the key market driver, as it acquired 40% market share of global MEMS market across the globe by sectors in 2015. Further, Asia-pacific region is expected to contribute the highest share in the market due to rising demand in emerging economic countries such as India and China.
Increasing applications in healthcare instruments, rising safety concerns in automotive sectors, growing consumer product industry and development in the industry sectors are some of the factors strengthening the growth of MEMS sensor market across the globe. The technology has led the smart phones market to a new horizon as MEMS sensors are used in smart phones; with technological advancement of the sensor this factor is likely to boost the MEMS sensor market in the upcoming years. MEMS sensor has evolved as one the revolutionized component used in health care devices, technological advancement in the MEMS sensor industry is opening new ventures of application in health care device, increasing consumer concern towards better medical facilities is expected to drive MEMS sensor market over the forecast period. Accuracy in the parameter measurement, calibration problems during sensor fusion, high competition among the key players are the main restraints for global MEMS sensor market.
Analysis By Product Type
- Pressure Sensors
- Inertial Sensors
- Chemical Sensors
- N. V., MegaChips Corporation
- AMS AG
- Robert Bosch GmbH
- InvenSense Inc
- Seiko Epson Corporation
- Infineon Technologies
- Avago Technologies
- Freescale Semiconductor Inc.
Demand in Countries Studied:
- North America (United States / U.S., Canada)
- Latin America (Mexico, Brazil, Rest of Latin America)
- Western and Eastern Europe (Germany, Italy, Spain, France, U.K, Benelux, Hungary, Rest Of Western Europe, Russia, Poland, Rest of Eastern Europe)
- Asia-Pacific (China, India, Singapore, Japan, Australia & New Zealand & Rest of Asia)
- Rest of World
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